Gold loses ground ahead of US inflation report
Gold price fell on Tuesday, hitting the lowest in more than two weeks, pressured by fresh strength of dollar, just a day ahead of this week’s key event – US inflation report for August.
Inflation in the US is likely to rise in August,…
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GBPUSD dips after weak jobs data but still looks for clearer direction signal
Cable loses traction after weak UK jobless data and dips below 1.2500 mark on Tuesday morning.
Fresh weakness adds to signals that brief recovery is likely over, after Monday’s strong upside rejection which left daily candle with long…
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What will the ECB decide in September’s policy meeting
The European Central Bank will hold its September policy meeting on Thursday, with a million dollar question what the policymakers will decide in the situation when the central bank is pressured by two strong and opposite forces.
The…
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Yen jumps on unexpected media reports signaling possible policy shift
USDJPY opened with gap-lower on Monday and fell to one week low, following 0.65% drop in Asian session.
Yen received fresh support from media comments which suggest that BoJ Governor Ueda is considering possible change in monetary…
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USDJPY likely to extend sideways mode, awaiting fresh signals from US inflation report
USDJPY is holding in a sideways mode under new 2023 top for the third consecutive day but remains on track for bullish weekly close.
Today’s short-lived dip was contained by rising 10DMA and left long tail on daily candle, pointing to…
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Gold price regained traction on dovish signals from Fed
Gold price rose further on Friday, extending recovery from $1915, where the higher base is forming after three-day fall found firm ground, after being contained by 200DMA.
Weaker dollar on end-of-week profit taking contributed to fresh…
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GBPUSD – consolidation to precede fresh weakness
GBPUSD is taking a breather at 1.2500 zone as larger bears face headwinds on approach to pivotal 200DMA support (1.2425).
Bounce from Thursday’s new multi-week low (1.2445) was so far limited and unable to sustain gains above 1.2500…
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EURUSD – bears to resume after limited consolidation
EURUSD is consolidating just above pivotal Fibo support at 1.0695 (76.4% of 1.0516/1.1275) in early Friday, as larger bears found temporary footstep here.
The pair is on track for the eight consecutive weekly close in red which…
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AUDUSD – bears are pausing after strong fall on Tuesday
AUDUSD consolidation extends into second consecutive day, with the action so far holding between new 2023 low (0.6357 and broken Fibo 76.4% (0.6403).
Aussie dollar remains under pressure from firm US dollar, helped by better than…
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Dollar index – bulls remain firmly in play but may take a breather before attacking key…
The dollar index holds firm tone in early Thursday’s trading and pressuring 105.00 round figure barrier, ahead of more significant resistances at 105.13/47 (Fibo 38.2% retracement of 114.72/99.20 / weekly cloud base).
Wednesday’s better…
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